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Pregis Announces Third Quarter 2008 Financial Results
Date:11/13/2008

e ratio included in the Company's indentures.

Pregis Holding II Corporation

Third Quarter 2008

Supplemental Information

(Unaudited)

(Amounts and percentage changes are approximations due to rounding.)

Gross Margin Calculations

Three Months Ended Nine Months Ended

September 30, September 30,

(dollars in millions) 2008 2007 Change 2008 2007 Change

Net sales $265.2 $245.2 $20.0 $799.7 $725.7 $74.0

Cost of sales, excluding

depreciation and

amortization (205.7) (188.5) (17.2) (624.4) (547.3) (77.1)

Gross margin $59.5 $56.7 $2.8 $175.3 $178.4 $(3.1)

Gross margin, as a percent

of net sales 22.4% 23.1% (0.7)% 21.9% 24.6% (2.7)%

Net Sales Analysis by Segment

Change Attributable

Three Months Ended to the Following Factors

September 30, Currency

$ % Price/ Acquis- Transl-

2008 2007 Change Change Mix Volume itions ation

(dollars in

millions)

Segment:

Protective

Packaging $172.1 $158.2 $13.9 8.8% 5.5% (2.9)% 3.9% 2.3%

Flexible

Packaging 48.9 44.7 4.2 9.4% 3.7% (3.0)% - 8.7%

Hospital

Supplies 20.7 18.7 2.0 10.5% (1.4)% 2.2% - 9.7%

Rigid

Packaging 25.2 25.3 (0.1) (0.6)% (1.8)% 7.9% - (6.7)%

Intersegment

eliminations (1.7) (1.7) -

Total
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SOURCE Pregis Corporation
Copyright©2008 PR Newswire.
All rights reserved

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